How To Determine The Value Of Your House?

Finding out the fair market value is not impossible but can be very time consuming and quite a tacky process. There is no set formula to calculate the fair market value of any property, thus many factors come into play. There are a few notable methods that can be used and we will help you through the process. The fair market value of your property will be used by your insurance agent, government for tax and yourself for a resale. So knowing the value of your house is indeed very vital.

Rely on others’ ValuationA very simple method is to rely on valuation from other sources like the government valuation of your property on the property deed. Or if you are getting an insurance coverage for your home, you can use their details. However, most of the time these two methods prove to be less effective because such valuations tend to be outdated. If the valuations were done many years ago its best to get your own valuation for your home.

Market Approach

The market approach is a very commonly used method to value properties, mostly houses. Compare the selling prices of properties in your area. Inquire of their land space too. It would be very easy to determine the value of your home if you are aware of your land space as well. That way a few calculations can land you the market value of your land per Sq. ft. This is usually the method used by most single family homes to calculate their property values. Most real estate agents use the market approach to fix the asking price for homes. House valuers too use data from previous sales in the area to fix the closest possible estimate the value of the property. Visit 

Independent Valuers

An independent valuer Melbourne is a professional in the field. And can help you determine the correct value of your home. It is best to hire independent valuers if the data on other homes similar to yours are not available. It is important to know the correct value of your home, especially if you are planning on putting it up for sale.

Cost of rebuilding your house

Another way to determine the value of your house is to look for the selling price of an empty slot of land in your neighbourhood. Then divide the price by the land space to get the price per Sq. Ft. Multiply your land space in Sq. Ft. with price per Sq. Ft. to get the price of your land. Next calculate the cost of rebuilding your house with any exclusive amendments you have made to the house that would be beneficial to anyone buying the place. Then add these two findings together to the closest possible value of your home.

How To Prepare For The Change That Comes With Moving Into A Senior Housing Scheme

If you have decided to move to a senior living community, you might be a little stressed about how to cope with the drastic change. This is especially true if you are a very independent person, and are struggling with the idea of losing that independence. However, these communities can be a great place to live if you go with an open mind and prepare yourself for the change. Most people go through this process, and there are many coping mechanisms to come to terms with the change. This article will provide some advice on how to learn to deal with the process of moving to a senior home.

Go for a trial run

Some retirement communities offer the option of visiting the housing scheme and staying there for a few days, to try it out. This is a great idea, because you can experience life in this community. This will help you understand what you need from a retirement community, and how to adapt to living in one.

Talk to your loved ones

Firstly, it’s important to know where your family stands with regard to your move. Communication is important to understand whether they would like you to stay close to home, and to help them understand what you want. In addition, you can get an idea of how much they can provide for you.

Furthermore, it is important that you keep in touch with your family and friends after the move as well. Moving to a new place can be daunting, and you might occasionally need the comfort of loved ones. Therefore, you should make plans to visit your family and friends whenever possible, or make plans to have them visit you. This will make the change less drastic and help you adapt to your new home.

Accept help

You have searched for retirement villages for sale at Bribie Island for a reason. It is because you or a member of your family has understood that you need a level of care that your family cannot provide for you all the time. Although this might feel like a serious loss of independence, it does not have to be so. Getting help is not a weakness; in fact, it shows strength. You have to be strong to accept that you need help.

You need to work with your new caregivers to find a balance of caregiving and independence. You can still retain your independence in many ways: within your friendships, eating alone, performing basic tasks. There is nothing wrong with accepting help when it comes to the bigger chores you cannot do alone. The people in this community want to help you, and the sooner you accept that, the sooner you will adjust to your new life. If you follow these basic steps, and make an active effort to participate in your new life, the change will be much easier to accept. Joining this new community can be an enjoyable experience if you face it with a positive attitude.